I have often stated that I plan to place fewer trades and use less margin. It has been very difficult, as I continue to find opportunities.
For instance, Thursday, after market close, I noticed high option premiums for DIS (Walt Disney Corp). The following day, when I placed a trade to sell ten DIS puts, I received a call from a TD WebBroker rep informing me that my order had been declined because I did not sufficient margin available to place the trade. Rather than closing my current positions to free up margin, I decided to wait until Monday. If DIS option premiums drop significantly, I will search for other trades.
I sold 11 options with July expiration; collecting premiums of $2,138.07. My 3 CPG (Crescent Point Energy) calls were assigned. With the proceeds from selling my 300 CPG shares, I purchased 300 shares of SU (Suncor Energy) at $44.93; then sold 3 SU $46 calls. I will continue to sell SU calls each month until they are assigned.
The following is a list of my expired option positions. Premiums are the amounts of cash I received after commissions. My option premiums are included as income in my monthly blog posts at the date the income is received.
Date Position Premiums
04/04/14 3C CPG $42 $76.26 assigned
05/14/14 5P CPG $42 $208.76
03/11/14 5P CVE $27 $163.76
05/27/14 10P CVE $30 $297.51
03/11/14 5P ENB $44 $143.76
05/05/14 20P GIS $47 $305.00
03/11/14 5P KEY $58 $183.76
05/09/14 20P PG $72.50 $305.00
06/26/14 3C SU $46 $109.26
06/17/14 5P TGT $55 $88.75
05/19/14 15P XOM $90 $256.25
Ticker Symbols
* TSX listed stocks and options are listed in Canadian currency and the remainder are listed in US currency (exchange rates may vary)
CPG - Crescent Point Energy (TSX)
CVE - Cenovus Energy (TSX)
ENB - Enbridge Inc (TSX)
GIS - General Mills
KEY - Keyera Corp (TSX)
PG - Proctor & Gamble
SU - Suncor Energy (TSX)
TGT - Target Corp
XOM -Exxon Mobil Corp
No comments:
Post a Comment
Note: only a member of this blog may post a comment.